Find a Mortgage Loan Below 3 Percent

Mortgage loans have dropped to the lowest point in history. Since the early 60's, fixed-rate mortgage loans have never been issued through mainstream lending institutions for less than three percent. Homeowners who want to refinance an existing mortgage loan can inquire about low-cost fixed-rate mortgages. You might find a mortgage loan below 3 percent on 15-year loan products. Prospective home buyers may find a mortgage loan that offers interest rates that are just above three percent on 30-year terms. If you have an FHA loan, you can speak with a mortgage lender about an FHA streamline loan. The streamline loan process has reduced requirements for borrowers who have paid their mortgage loan as agreed. You can speak with a reputable lending source about finding a mortgage loan below 3 percent.